Study of Utilization of Cooperative Loans

Abstract

Availability of credit to agriculturists at economic rates of interest, for purposes and at the time credit is needed by them is an essential condition for the healthy functioning of an agricultural economy. Adequacy of credit is only one of the essential elements in a good credit system. In fact, as far as adequacy goes there are private lending agencies who may be able to meet the credit needs of the agriculturists in this country. More important are the qualitative factors among which, besides the rate of interest which has a prime place, other attributes such as the time when, the purposes for which, and the classes of people to whom credit is available are quite important.